SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2008
Comtex News Network, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-10541 13-3055012
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(State or other jurisdiction (SEC File Number) (I.R.S. Employer
of incorporation) Identification No.)
625 North Washington Street, Suite 301, Alexandria, Virginia 22314
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (703) 820-2000
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Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Explanatory Note. Comtex News Network, Inc. (the "Company") hereby amends
Item 4.01(a) of the Form 8-K dated August 4, 2008 to clarify that the Company's
outside accounting firm for the fiscal year ended June 30, 2007 was Goldstein
Golub Kessler LLP, certain of whose partners became partners of McGladrey &
Pullen LLP on October 3, 2007. There are no other changes to the Form 8-K.
Item 4.01. Change in Registrant's Certifying Accountant
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(a) On July 31, 2008, Comtex News Network, Inc. (the "Company" or the
"Registrant") terminated the services of McGladrey & Pullen, LLP ("M&P") as the
outside accounting firm for the Registrant. The Registrant has engaged Turner
Stone & Company, LLP ("Turner Stone") as its new outside accounting firm,
effective August 1, 2008.
M&P was appointed as the Registrant's independent registered public accounting
firm on November 26, 2007, when Goldstein Golub Kessler LLP ("GGK") resigned as
the Registrant's independent registered public accounting firm after notifying
the Registrant that certain partners of GGK had become partners of M&P pursuant
to a limited asset purchase agreement. The Registrant previously filed a Form
8-K on November 27, 2007 relating to the resignation of GGK.
M&P has not issued an audit report on the financial statements of the
Registrant. The Registrant's Audit Committee approved the cessation of the
professional relationship between the Registrant and M&P and the engagement of
Turner Stone.
Since the date of appointment of M&P and the interim period through the date of
this Report, the Registrant had no disagreements with M&P on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure.
None of the reportable events described by Item 304(a)(1)(v) of Regulation S-K
has occurred.
The Registrant has provided M&P a copy of the disclosures contained in this
Report, which was received by M&P on the date of this Report. The Registrant has
requested M&P to furnish the Registrant with a letter in response to Item 304(a)
of Regulation S-K. Such letter is included in this Report as Exhibit 16.1.
(b) Turner Stone was engaged by the Registrant on July 31, 2008 to audit the
consolidated financial statements of the Registrant as of and for the year ended
June 30, 2008. During the two years ended June 30, 2007 and the subsequent
interim period through the date of this Report, the Registrant did not consult
with Turner Stone regarding any of the matters set forth in Item 304(a)(2)(i) or
(ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
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Exhibits
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.
(d) Exhibits.
Exhibit Number Exhibit Description
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16.1 Letter from McGladrey & Pullen, LLP
regarding change in certifying accountant
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
COMTEX NEWS NETWORK, INC.
DATE: August 15, 2008 By: /s/ Chip Brian
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Chip Brian
President and Chief Executive Officer